Recommended Price 530-560 Recommendation date 03 June 2015
Accumulate Vinati Organics Limited in small quantity whenever available between recommended range for the target price of 900 in one years time horizon.
About company-
Vinati Organics Ltd. (VOL) was established in 1989, as a specialty chemical company, concentrating on industrial monomers and polymers. Today, the company is a leader in its field and has a sturdy market presence in over 22 countries.
Company has announced bonus 1:2 bonus in 2007 and split in 2009 from FV10 to FV2 .
Description Mar ’15 Mar ’14 Mar ’13 Mar ’12 Mar ’11
Net Sales(cr) 758.97 687.28 541.7 442.11 325
Net Profit(cr) 115.79 86.15 68.66 54.81 51.97
Dividend 175% 150% 125% 100% 65%
Earning per share 22.85 17.45 13.91 11.1 10.53